Category: NEWS
Ron DeSantis gets cheers at GOP event before Trump’s 2024 announcement
Fresh off his landslide reelection victory, Gov. Ron DeSantis received a rousing round of applause at a Republican confab Tuesday evening, moments before former President Donald Trump took the stage at his Mar-a-Lago resort to announce he was running again in 2024.
https://nypost.com/2022/11/16/desantis-cheered-at-gop-confab-before-trumps-announcement/
UK inflation hits 41-year high of 11.1% amid acute cost-of-living crisis
Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans Thursday.
INSIGHT: The art of the perfect IndyCar pit stop
It’s one of the great ironies of IndyCar that the segment of the race that can most dramatically affect the outcome occurs when the cars are traveling at their slowest. Or indeed, not moving at …
https://racer.com/2022/11/16/insight-the-art-of-the-perfect-indycar-pit-stop/
Germany to end participation in UN peacekeeping mission in Mali
Germany will end its participation in a UN peacekeeping mission in Mali by the end of next year, a government source told AFP on Wednesday after months of operational snags.
Scientists may have developed ‘game changer’ fentanyl vaccine
Scientists believe they’ve developed a vaccine that will block fentanyl from entering the brain and stop users from getting high — a breakthrough being hailed a “game changer” in the fight against the opioid overdose epidemic.
https://nypost.com/2022/11/16/scientists-may-have-developed-fentanyl-vaccine/
Judge delays homeless crisis proposal, says deal falls short
A federal judge overseeing a sweeping lawsuit about the homelessness crisis in Los Angeles has delayed his decision on a settlement proposed by LA County and called a hearing to discuss it further.
Judge David O. Carter on Monday told lawyers for the county and the plaintiff in the lawsuit, the LA Alliance for Human Rights, that their proposed deal fell short of providing an adequate number of beds for homeless residents suffering from mental health and substance abuse problems.
Carter did not outline any changes he expected, but said he would detail them at a hearing scheduled for the third week of January. The judge said he intended to also invite the newly elected mayor and a member of the LA County Board of Supervisors.
AUSTIN HOMELESS MAN ACCUSED OF MENACING NEIGHBORHOOD, WALKING AROUND WITH CHAINSAW
The suit was brought in 2020 by the LA Alliance, a coalition that includes businesses, residents, landlords, homeless people and others who allege that inaction by the city and county has created a dangerous environment.
The alliance said in a statement that it was encouraged by the judge’s decision to delay approval.
“While we stand by the deal that we negotiated with the city and the county, we are pleased that Judge Carter shares our desire to see that the people of Los Angeles — both unhoused and housed — receive the greatest possible benefit from this settlement,” the statement said.
Skip Miller, a lawyer for LA County, called the decision to delay disappointing.
PORTLAND CITY COUNCIL VOTES TO BAN HOMELESS CAMPS, APPROVE NEW HOUSING PROJECT: REPORT
Miller said in a statement that “the County is eager to take this major step forward” toward implementing the “landmark agreement that exemplifies the cooperation between the City of LA and County of LA in addressing homelessness.”
LA County announced in September a settlement agreement that commits hundreds of millions of dollars to expand outreach and supportive services for homeless residents.
The city of Los Angeles committed to sheltering thousands of homeless residents as part of its settlement in the lawsuit reached in April. Carter approved the city’s proposal in June.
https://www.foxnews.com/politics/judge-delays-homeless-crisis-proposal-says-deal-falls-short
Black student describes anger he felt when his White teacher told class his race is ‘the superior one’
A Black middle school student told CNN he was angry when his teacher, a White man, told his class that his race “is the superior one.”
Amazon confirms it has begun laying off employees
Amazon confirmed on Wednesday that layoffs had begun at the company, two days after multiple outlets reported the e-commerce giant planned to cut around 10,000 employees this week.
https://www.cnn.com/2022/11/16/tech/amazon-layoffs/index.html
“Organized Crime” Looters Steal Astounding $400 Million In Goods From Target Stores
“Organized Crime” Looters Steal Astounding $400 Million In Goods From Target Stores
Target is battling what’s being called an organized retail crime wave, resulting in a massive hit on profits this year. The company has employed theft-deterrent merchandising strategies, but still, that’s not enough to stop criminals from running off with everything on the shelves.
Earlier today, the company reported dismal earnings, slashed guidance, and warned consumers are pulling back on spending amid the worst inflationary environment in decades. The retailer also revealed gross profit margins were reduced by $400 million so far this year due to shrink, the industry term for theft and other product loss.
“There’s a handful of things that can drive shrink in our business and theft is certainly a key driver.
“We know we’re not alone across retail in seeing a trend that I think has gotten increasingly worse over the last 12 to 18 months.
“So we’re taking the right actions in our stores to help curb that trend where we can, but that becomes an increasing headwind on our business and we know the business of other,” Target CFO Michael Fiddelke said.
Yahoo Finance spoke with the Target spokesperson, who said the problem is primarily due to “organized retail crime.”
Organized retail crime has increased under the Biden administration while progressive-run cities implement social justice reform. Criminals are taking advantage of relaxed penalties for shoplifting, fueling a nationwide crime wave.
Shoplifting is a behavior not just in response to backfiring social justice reforms but also has its roots deep in poverty as high inflation crushes millions of Americans into poverty. Wage growth has been negative for 19 consecutive months, while food, energy, and shelter prices remain elevated. Working poor have drained personal savings and racked up insurmountable credit card debt to buy essential items, while some folks have resorted to stealing to survive.
Target blamed most of the thefts on organized crime gangs.
The thefts are so bad at the Target in Minneapolis downtown that everyday toiletries are locked behind shatterproof glass cabinets.
Target and many other retailers have demanded Congress do something. The US Chamber of Commerce has called the looting of retail stores a “national crisis.”
According to the latest National Retail Federation report, goods stolen from retailers increased to $94.5 billion in 2021, up from $90.8 billion in 2020. Figures for 2022 are expected to top $100 billion.
Tyler Durden
Wed, 11/16/2022 – 12:05
Coffee prices are crashing. What it means for your cup of joe
Coffee futures are crashing. But that might not mean too much for the price of your cup of coffee.
https://www.cnn.com/2022/11/16/business/coffee-prices/index.html